Singapore shares open 0.29% lower on Monday

SINGAPORE shares opened 0.29 per cent or 8.82 points lower at 2,989.68 on Monday. This is despite Asian stocks edging higher elsewhere in the region, consolidating recent rises on late gains in Wall Street on Friday and a rebound in the commodities complex.

As at 9.04am, 85.6 million shares worth S$115.6 million exchanged hands. Gainers outnumbered losers 85 to 54.